In a filing, HP Inc revealed its Global Controller Liebman Stephanie unloaded Company’s shares for reported $0.36 million on Dec 30 ’24. In the deal valued at $32.50 per share,11,000 shares were sold. As a result of this transaction, Liebman Stephanie now holds 6,277 shares worth roughly $0.21 million.
Then, Liebman Stephanie bought 14,000 shares, generating $455,000 in total proceeds.
Before that, Ludgate Kristen M sold 74,356 shares. HP Inc shares valued at $2,560,077 were divested by the Chief People Officer at a price of $34.43 per share. As a result of the transaction, Ludgate Kristen M now holds 56,169 shares, worth roughly $1.86 million.
HSBC Securities downgraded its HP Inc [HPQ] rating to a Hold from a a Buy in a research note published on November 29, 2024; the price target was decreased to $38 from $39. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late November has reiterated a ‘”a Hold”‘ rating for it. Citigroup also remained covering HPQ and has decreased its forecast on October 01, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on September 27, 2024. It rated HPQ as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HPQ
On Friday, HP Inc [NYSE:HPQ] saw its stock jump 2.06% to $33.14. Over the last five days, the stock has lost -0.87%. HP Inc shares have risen nearly 1.56% since the year began. Nevertheless, the stocks have risen 10.84% over the past one year. While a 52-week high of $39.79 was reached on 01/03/25, a 52-week low of $27.42 was recorded on 01/02/25. SMA at 50 days reached $35.67, while 200 days put it at $34.15.
Levels Of Support And Resistance For HPQ Stock
The 24-hour chart illustrates a support level at 32.76, which if violated will result in even more drops to 32.39. On the upside, there is a resistance level at 33.33. A further resistance level may holdings at 33.53. The Relative Strength Index (RSI) on the 14-day chart is 40.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.99%. Stochastics %K at 20.45% indicates the stock is a holding.
How much short interest is there in HP Inc?
A steep rise in short interest was recorded in HP Inc stocks on 2024-11-15, dropping by -4.76 million shares to a total of 38.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 42.82 million shares. There was a decline of -12.5%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 23, 2024 when JP Morgan resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $42.
